COATS-listed Kenora Prospectors and Miners has reported more encouraging values from follow-up drilling on the Shoal Lake gold property located 40 miles west of Kenora, Ont. One of the target zones of…
Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…
Relatively low production costs continue to be the order of the day at the Hemlo gold camp in northern Ontario, where production from the three gold mines operating there is expected to total about 90…
The novel shareholder protection rights program adopted by Pegasus Gold Corp. (TSE) is designed to prevent “creeping takeovers and other coercive acquisition tactics,” the company says. The plan has b…
Higher base metal prices brightened the financial picture considerably for Westmin Resources (TSE) during the first nine months of 1988. The company reported net earnings of $16,066,000 or 9 per commo…
ONTARIO Augmitto Expls. — final rec iss offer min 750,000 & max 2,000,000 @ $4 per Cl A spec sh to net min $2,760,000 & max $7,360,000. Dynalta Egy — final rec iss offer min 3,000 & max 10,000 @ $1,…
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…
Crown Resource Corp. (NASDAQ) has optioned a 34,000-acre exploration property in the southern portion of the Carlin trend in Elko Cty., Nev. The property, which lies about six miles southeast of Newmo…
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…
NSR Resources (TSE) has signed a letter of intent with Master Gold, a private company, which gives Master the right to earn an interest in three of five concessions held by NSR in Rouyn Twp., Que. Mas…
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